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Income Tax Act 2007

Relief after an exchange of shares for shares in another company

3366.This transitional provision has the effect that Changes 24 and 25 in Annex 1 apply only to “new shares” (as defined in section 145(1)(b)) issued on or after 6 April 2007. See the commentary on section 145 and also on section 136 to which Change 24 also applies. Those Changes apply only for the purposes of share loss relief.

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